Monroe Federal Bancorp, Inc. Announces Expected Closing Date of Initial Public Offering [Yahoo! Finance]
OTC MARKETS GROUP INC A (OTCM)
NASDAQ:AMEX Investor Relations:
otcmarkets.com/investor-relations/overview
Company Research
Source: Yahoo! Finance
The transaction is expected to close on October 23, 2024. The Company's common stock is expected to be quoted on the OTCQB Market operated by the OTC Markets Group beginning on or about October 24, 2024 (ticker symbol assignment pending). The Company intends to sell 526,438 shares of common stock, which includes 36,851 shares to be sold to the Association's Employee Stock Ownership Plan, for gross offering proceeds (before deducting offering expenses) of approximately $5.3 million based on the offering price of $10.00 per share. The Company expects to have 526,438 shares of common stock issued and outstanding upon the closing of the transaction. The Company conducted a Subscription Offering, which closed on September 19, 2024, and a Community Offering, which closed on October 7, 2024. Because the stock offering was not oversubscribed, the Company intends to fill all valid stock orders according to the purchase limitations disclosed in the Company's Prospectus dated August 9, 2024
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